The Repo Handbook

Rarely mentioned in the financial press because of the simple nature of the instrument, repo was often the only funding source available to banks during the last quarter of 2008 and the first in 2009. The Repo Handbook presents an overview of repo vehicles and markets with sufficient depth for those seeking detailed explanations. In three parts, it demonstrates how these secured loans fit into global capital markets and why they account for up to 50% of daily settlement activity in non-US government bonds worldwide. This book will draw new attention to this valuable and efficient funding and investment product.